: Forum Hourly Average plotted in Higher timeframe

05/20/2019 at 9:11 AM #98864

robertogozzi

This works (but, as you can see from attached pic, there’s a slight difference):

//higher timeframe minutes count
HigherTFminutes = 60                 //Can be lower (in this case)
//current timeframe minutes count
CurrentTFminutes = 240
//AVG period to display
AVGperiod = 200
if hour<>hour[1] then
   c = close
endif
currentAVG = average[AVGperiod](close)
factor = HigherTFminutes/CurrentTFminutes
x = max(1,round(AVGperiod*factor))
MTFAVG = average[x](c)
RETURN currentAVG as "current TF AVG", MTFAVG as "higher/lower TF AVG"

//higher timeframe minutes count

HigherTFminutes = 60 //Can be lower (in this case)

//current timeframe minutes count

CurrentTFminutes = 240

//AVG period to display

AVGperiod = 200

if hour<>hour[1] then

c = close

endif

currentAVG = average[AVGperiod](close)

factor = HigherTFminutes/CurrentTFminutes

x = max(1,round(AVGperiod*factor))

MTFAVG = average[x](c)

RETURN currentAVG as "current TF AVG", MTFAVG as "higher/lower TF AVG"

robertogozzi

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